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more in today's SMH""Unlucky LachieLachlan Murdoch hasn't been...

  1. 67 Posts.
    more in today's SMH

    ""Unlucky Lachie
    Lachlan Murdoch hasn't been having much fun of late. Need we say Consolidated Media Holdings?

    But the Opes Prime blow-up has drawn attention to some of his other playthings.

    Is it really less than a year since Lachlan's Illyria disclosed it held about 2 per cent of the digital media company Destra? When he swapped his stake in Quickflix for a chunk of Destra, his new toy was valued at $1.25 million.

    But since then Destra's shares have headed a touch south. And its fortunes haven't been helped by the Opes problem, including its boss Domenic Carosa getting whacked with a margin call. That had the rather unfortunate consequence of ruining Destra's chances of getting its mitts on Beyond International.

    All of which leaves Lachlan's stake worth not much more than $350,000.

    Say, wonder if that $800 million line of credit for CMH Lachlan stitched up is still on offer from ANZ? ""
 
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